Briefly noted

▪ UK-based insurer Brit said it had achieved 100% contract certainty by the end of the year on 20 core outwards non-proportional reinsurance placements incepting on 1 January 2007, as measured by the Market Reform Group’s definition. Of a further six proportional treaties five were contract certain in the specified time-frame with the sixth deal achieving contract certainty by 5 January. Brit Insurance’s chief executive officer, Dane Douetil, said: “The market is making great strides in tackling the critical issue of contract certainty and statistics such as ours underline what can be achieved when cedants, brokers and reinsurers work together diligently”.